Testing Butterbot, an Automated Bitcoin Trading Bot (day 5)

5Feb 2014

The 5th day of our Butterbot automated Bitcoin trading bot has passed and it is time to see what has happened in the last 24 hours. On the BTC-e exchange we got another trade, as a result we now have 0.03 BTC + 1.06 USD balance instead of just 25.2104 USD. It was again a slow day with nothing that significant happening on the market to give us some more trades.

This is the third day since we also started testing the Butterbot on the MtGox exchange,however in the last 24 hours the market activity on MtGox wasn’t anything special either, so no trades were executed by the bot and our balance remains at 37.37 USD. With these stable markets it is hard to make cash from trades, especially if you are not very aggressive and trade with a high risk and this is not something we want to do. We are up for another 24 hours before the next report, however so far we are not very pleased with the results we are getting from the trading bot, though that does not mean that the bot is not good. We are nearing to our final conclusion at the end of the 7 day trial and for already a few days of trading and us getting familiar with the automated trading bot, the settings and the trading options we are still not that happy with the actual trading that it does so far and we are already looking into other alternatives to try next.

This is a blog for crypto currency miners and users of Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), ZCash (ZEC) and many others.
If you find helpful and useful information you can support us by donating altcoins or Bitcoin (BTC) to: 1AxbMZwtcmCByrHiaWwhse5r6ea1YgBwk1
ETH: 0x8d785ff337046444d8afbac169bcb7c0adfb3266 - LTC: LPYFPK7dL1uEtwrAteLmxs7w8Je446gAAJ - ZEC: t1gg5rWxeMBMsyDRMrq5PJdFLiWQ86LGggi